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Search Results 0 to 49 of about 50 (some duplicates have been removed)
all out in september, a hopeful sign that the u.s. economy may be picking up. >> tom: i'm tom hudson. ben bernanke defends his strategy at the federal reserve to do more to help the economy. >> susie: and how technology is making it possible for doctors to go paperless. >> tom: that and more tonight on "n.b.r."! >> susie: the first day of the new quarter, kicks off with a blue chip rally. investors were encouraged by a report showing that american factories were busy in september. a popular index of national factory activity rose to 51.5 last month, from 49.6 in august. it was the fastest pace of production since may. but that upbeat news was overshadowed by comments from federal reserve chief ben bernanke, saying the economy is not growing fast enough to bring down the unemployment rate. we'll have more on that in a moment. those two events led to volatile trading here on wall street. the dow rose about 78 points, but was up as much as 155 points earlier. the nasdaq drifted in and out of positive and negative territory, finally losing more than 2.5 points, and the s&p rose almost fo
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
shock the economy and trigger a recession by reducing the cash that taxpayers have to rend. but scott, congress and the president now have a firm price greson what it costs if they don't reach a budget deal after the election. >> pelley: wyatt, thank you, the u.s. economy is also being hurt no what's happening far beyond washington, all the way across the atlantic. senior business correspondent onthony mason has more on that. ha reporter: in spain this weekend, police clashed with protesters angry over austerity measures the government's been forced to implement. a quarter of the work force in spain can't find jobs and the unemployment rate in the 17- nation euro zone has now hit a record high-- 11.4%. for three straight quarters, the european economy has been rinking and federal reserve chairman ben bernanke said today amica is feeling the impact. >> it has been a problem for the oblemeconomy. we have seen head winds coming from slowing trade. >> reporter: if you combine rtports and exports, the european union is our biggest trading partner. >> so we have a very strong troerest in eu
of the debate tomorrow night beginning at 9:00 eastern time. we got good news today on the economy. overall, auto sales were up 13% last month from a year before. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's-largest economy, but they're reporting record unemployment. in spain, unemployment among young people is 50%. mark phillips went to bars low that to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out back to whe
for lou dobbs. an election that was supposed to be all about the struggling economy, right? now leading to questions over the president's handling of foreign policy and the administrations truthfulness to the american people. to reporreport the united states diplomats in libya asked the obama administration repeatedly for additional security right up until the september 11, 2012 attacks. house oversight committee chairman darrell ice looking to secretary of state hillary clinton for answers. telling congressmen issa the extra resources are being denied despite firebombings and online death threats. vice presidential nominee paul ryan seizing onnthe commission to launch attacks at the democratic ticket. >> feature if you turn on the ty you can see that the obama foreign-policy is unraveling before our eyes. it's not just an isolated incident where we lost four americans in libya. that's tragic. but it is part of a bigger story of the unraveling of this agenda all over the world. we have distanced our ally, israel, we are not advancing our interests in the middle east, and the president i
obama will be there, too. remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency to give long substantive answers. simply, she is saying the president too smart for the average american. here is the washington examiner's reaction to that quote. worry about obama being too professor professorial to couch-sitting beer drinkers. the polls have him ahead and bill o'reilly is here to talk about the debate and how the media will spin it. all the names at the top of the hour. bill o'reilly. and talking to college student at university of michigan as part of the job creations solutions tour, and responded to the heckler. listen to this. >> this is the-- [crowd boos] . >> usa, usa. >> and that economy 25% of the world gdp. stuart: you want to hear more of his defense of americ
: cheryl: and biotech's a leader sector today. america's ceo has spoken and their outlook for the economy pretty dire. not the markets but the economy. what do they want to see and what are their ideas for jump starting america? former michigan governor and president of the business roundtable joining us live. dave: with sales up 95% year to date looks like everyone is thinking small these days. general manager -- that is the smart car. it is a fox business exclusive. cheryl: numbers are huge up 120% for sales year-over-year but first we will tell you what drove the market with the data download. a mixed day with the s&p 500 and the nasdaq eking out gains in the last few minutes of trading. that shows real resilience in the last few minutes. materials and consumer discretionary were the biggest laggers but you saw biotech and utility as the top performers. the euro pull away from the u.s. dollar and down three weeks gaining for the second straight day versus the greenback growing expectations with spain getting closer to seek a bailout from the euro zone boosting currency but the head of
with hundreds of billions of dollars and most of the discretionary spending cuts would drive the economy back into recession and cost too many jobs of the other hand would also go a long way to produce budget deficits. even by washington standards that seems pretty important. to discuss the cliff and its consequences of a panel of the four but it did it cover in budget watchers. bob greenstein is on the senate priorities and that of president obama's transition team policy work. douglas holtz-eakin is president of the american action forum and headed the domestic policy staff in the campaign ad was the director of the congressional budget office. donald marron is the director of the tax policy center and member of george bush's advisor and acting director of cbo and finally, digamma rogers blogs as an economist and was the chief economist of the house budget committee for the democratic staff of the house ways and means committee. the format today will be relatively straightforward. each of the panelists will speak for five minutes. i will ask some questions and we will get a discussion going
. >>> consumer spending making up 70% of the u.s. economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100
work. but this is not one of those times. when the federal reserve talks about getting the economy moving by any means necessary it is really talking about getting more data like today's terrific ism number. given that the europeans and chinese are doing the same thing, if you're betting against the market you're fighting major central banks around the world that are doing their best to generate good data and sometimes their best is good enough. why does this overused cliche matter so much? ben bernanke said he's going to continue to buy bonds to keep interest rates down, so that this purchasing manager's number won't be an aberration. when you examine the fundamental of individual stocks, you are playing what's known as the micro. when you take into account the big data numbers like the purchasing manager's index, you're making a macro analysis. again though like the idea of fighting the fed this micro/macro dichotomy might mean nothing to you unless you took ec 101. let's put it in terms that everybody can understand. anyone who's been to a museum or taken an art class knows that
and for himself. that includes foreign policy. begin talk to the campaign. we have to focus on the economy. it is the number one topic, but voters care about a lot of things. i wish he would make the broader case for romney foreign-policy and the broader chrism tough criticism of an obama foreign-policy. >> i think what you have seen is he tends to speak, especially about foreign policy, and really be vague sending generalities. we have some very specific things happening in libya. u.s. ambassador and three other americans were murdered. the investigation that the obama administration is placing some much importance on has not really started. there are a lot of specific things that run the kentuck about three failures on the part of the administration. so far he simply has not done. >> never too late to talk with the economy and what's going on. consumer confidence continues to plummet. can you take advantage of it at this point? can the president cover his tracks? >> he will try to. i kind of very much agree with the point about specifics. i think mitt romney looked at it in a big way. a
the economy. to what extent are the low rates motivating consumers to spend? >> i frankly don't buy that too much. i think there's a problem because you hurt people's interest income, and people with interest income could spend more, and the problem is people aren't able to access the low rates. you need a very high credit score to get the low rates and everybody that can access the low rates has done it, and if the rates were higher banks wouldn't require as high of a credit score. they're selling what they can through fany and fedy freddie. it's about credit scores and not interest rates. >> susie: aside from what banks are doing. what has to change, to change consumer attitudes about spending? >> the economy has to get better. we've had this in the summer for the past two or three years in a row, and every economy rebounds. if we're going to have a rebound in the holiday season, that could be great and help to put people back to work, and allow them to spend a little bit more freely. we also have a long holiday season. november starts out on a thursday, which means thanksgiving comes earl
for us to have good ties to russia to get up our economy again. we also tend to go for the way which saakashvili did. we want to go further towards european union and nato. >> thank you very much for that. staying in moscow, a russian court has postponed the punk band pussy riot's appeal after one of them fired her lawyer. they have been given nine days to find a new lawyer. the anti-kremlin trio have been sentenced to two years in jail on a number of charges including disturbing the peace. they staged a protest against vladimir putin earlier this year. >> the women from pussy riot came to the appeal hearing without any great expectations that they would be released, but what came next was surely a shock. one of the trio had decided to break with the defense team. >> i do not exactly know what has happened. we met of three women on friday. one of them confirmed we would continue to work together. something must have happened over the weekend. >> the lawyers believe someone may have pressured her to create discord between the women and their legal representatives. sticking by their st
and they can't do anything other than use the central government to force the economy to do x and y. and they're trying to get away from that. as they move away from it, that part of the economy clearly shows some struggles. >> short the aussie dollar, what, long the mexican peso? >> mexico is one of the big winners because they're deliberately raising wages. so low value added chinese manufacturing is nowhere near as competitive in the world as it once was. you see evidence of the u.s. getting some of it back. so mexico sort of had its breakfast, lunch and dinner the past 20 years by china appearing on the scene is probably in the early stages of regaining some of that a. so i think mexico is a big winner. southeast asia, philippines, for example. >> all right. jim, stick around. more to come from you. let's get over to asia and get a wrap of the day over there. >> thanks, ross. asian markets were mostly higher buoyed by improved data in u.s. and europe and also the rba rate cut. surprising move from the central bank helped the australian market end at a five month high. resources and banks
borrowing rates while the economy continues to grow slowly, and that its bond-buying strategy will continue. he insisted that five years of low interest rate policies have not increased inflation. the fed plans to hold the interest rate near zero until at least mid- 2015. bernanke also indicated that there is not another recession on the horizon, but the economy still isn't strong enough to add jobs faster than the current rate. in greece, union workers are preparing for more 24-hour strikes and walk-outs this month. workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though inflation is not helping. but it may also drive up the cost of making some of those
the economy. the reserve bank of australia is worried about the fallout from slowing growth in the world. the rba decided on tuesday to lower the benchmark rate by 0.25 percentage points to 3.25% effective on wednesday. over the past five mos, it has cut the rate by a total of one percentage point. in a statement, governor glen stevens expressed concerns about the effects of austerity programs in europe and slower growth in china, which is australia's major iron ore importer. he said the country's labor market has softened somewhat and that its growth outlook for next year has become a little weaker. >>> the u.s. federal reserve chief says he'll keep pumping money into the economy. chairman ben bernanke says this round of quantitative easing will continue until he sees an improvement in the job situation. >> we would continue securities purchases and employ other policy tools until the outlook for the job market improves substantially in a context of price stability. >> bernanke said the country's economy is improving but not fast enough to reduce unemployment. fed officials decided last
romney offers a set of policy proposals which will grow the economy, of the port of poverty, all of the middle-class and provide jobs for the american people. >> republican candidate mitt romney want lower taxes and less government intervention. that's something this family agrees with, particularly when it comes to health care reform very >> health care is not our right in the sense we don't authorize the government to take for other people to provide the american people with health care. healthcare is a privilege. >> but this obama supporters sees a different america. he says the government is not giving people the help they need. >> health care is not a privilege. health-care is right. playing golf is a privilege. you don't have to play golf. >> he can afford to buy private insurance for themselves and his family, but as a presbyterian minister, he often crop -- often comes across people his lights have been turned upside down by the economic crisis. that's why a lot with most of the members of this parish council, he was to see president obama reelected. he wants to see more
the world in a slowing global economy are going to open up. we'll see where it all plays out, whether all current cities are suddenly represented in oil and gold, suddenly gold and oil are so high that any gains that you get in your market averages are -- >> and yet crude oil back at -- >> 92, yeah. expressed in either euros or dollar, it's expensive. the ten year note which we know is just able to trade wherever it wants and not being influenced at all by the fed, just at a 1.63%. look at the dollar which has been around 1.28 versus the euro. 1.29 today. and then gold was at a session high, i think it was at a euro all-time high yesterday. down a little bit today. >> right now time for the global markets report. ross westgate is standing by. while you -- >> two days now? >> guess who we get onset with us. >> mr. poulter. that's fantastic. and is that the first interview he's done outside of the event? >> he may have just talked after the event, i guess, and i know he had a few guinnesss after the event. i saw a few pictures yesterday. but he had those same eyes. eyes scare me a little bi
is stacked to play in romney's favor. the things romney is accusing obama of owe mismanaging the economy, fast and furious, this banghazi stuff -, that can't be rebutted. what obama is accusing romney of, being a tax cheat, swiss bank accounts, all that kind of stuff, can be rebutted. >> sean: what obama will say -- thus this will be mostly on the economy. obama will say, it's getting better. that was the recovery summer of 2010. >> but romney -- there were a whole lot of people right now who want to vote for romney. want to vote against obama. but they don't want to vote for romney because of all the negatives obama's piled on them which has not been answered. they're sitting on one side waiting for permission to jump over and vote for romney. in the debate, that he's not a monster, that he's a man of integrity and defending himself on this stuff, can absolutely encourage them to jump over and make it possible for them to do that. >> sean: what a joke all weekend, watching the obama people trying to lower expectations. >> yeah, right. >> sean: 2-1. >> let's par remember that most debate
of the executive suite and of course the economy and business in america as well as globally. we're going to talk with him at 4:30 p.m. eastern. before that, we have some heavy hitters coming up, including the former yahoo! ceo and the coca-cola ceo. all of a that coming up in the program. meanwhile, let's get back to the markets. we have a double-digit decline. in fact, it looks like the dow is on track to close lower for the sixth time in eight trading sessions. the dow jones industrial average now at 13,436, a decline of about 0.5%. if we close lower today that, would be the sixth decline in the last eight trading sessions. a bit of worry about earnings on the trading horizon, as we are expected expecting the stream of earnings to take effect. weakness in apple today. it is about 5% of the s&p 500 and 20% of the nasdaq. so as apple goes, so goes the market. that's what we're seeing once again today. s&p 500 down about five points. that's 1/3 of 1%. with markets in the red, let's look at what this says about where we are in business today. joining me in today's "closing bell" exchange, we have
even lose our country. >> ross perot, interviewed by "usa today"'s richard wol on the economy, the deficit and debt and how it's changed since he ran for president in 1992 and '96. find richard wolffe's article in today's edition of "usa today" and at usa today.com. raz perot tonight -- ross perot tonight on c-span at 9 eastern. >>> next, a look at the presidential campaign with libertarian party candidate gary johnson. the former republican governor of new mexico talks about his view of the two-party system and obstacles for third-party candidates. from "washington journal," this is 40 minutes. >> host: joining us now is gary johnson, the former governor of new mexico, a republican 1995-2003 who is now the libertarian presidential nominee, and gary johnson, first question. when you look at the major party candidates and this year's cycle, what's missing in the debate and the dialogue? and what do you wring to the table -- what do you bring to the table? >> guest: well, how about truth for starters. the notion that both obama and romney are arguing over who's going to spend mo
nation is more than $16 trillion in the red. that is a massive bubble that threatens our entire economy. how do the candidates handle this tomorrow night? let's ask chris stirewalt our fox news digital politics editor and host of power play on foxnews.com live, and stewart varney is the host of varney & company on the fox business network. thank you so much for being here. chris i want to start with you. what can either candidate say to grab, you know, america by the lapel and make them understand what each one of them wants to do to change our financial dire straits? >> it's a heck after lot easier for mitt romney on this one since he is the outsider and hasn't been in office and wasn't part of make thag debt and president obama has over seen in fact the unprecedented increase in size of the federal debt, and as a matter of fact in talking to senior people from romney land that is exactly what mitt romney means to do when he gets on that debate stage in denver, is go off the president not just on what romney says are ineffectual policies like the president's healthcare law and stimulus
double-digit percentages. then, the splits. the market versus the economy. the u.s. falling into recession pits again. our investors and for a stock surprise? mike holland thinks so. he is the chairman of holland and company. he is spending the last hour with us. you think there is a stock surprise that is a good one coming up? >> yes. i think if you had to characterize my years doing what i am doing, it is as a survivor. you have to be prepared for surprises in both directions. whenever we talk about you and i, that things can happen, we just heard three people talking about that. the things can happen, as well. ted weisberg is so smart. so good to listen to. his comments about what is going on, i think, are always -- liz: i love teddy. he has been well funneled and it is kind of obvious, it is the government trade, the central bank trade. >> i was shocked to not hear him say that. bernanke said a few years ago we have a problem. it would not be solved by the people in congress or in the white house. he actually said, this is not a deep secret, he can get the stock market a
to start talking about the issues. they're going to start talking about the economy. why the deficit's been above $1 trillion now four years running, and maybe if the moderators get into it, what's happening in the middle east, and what they think they can do about it. i think that governor romney's plan's going to be to try to stick to the substance because i think the country knows we need a change. >> i'm only half joking about kicking out of the room. metaphorically, a lot of republicans want to see mitt romney do just that to the president. they want to see him verbally beat him up and make the points that you've made crystal clear and win the argument. but there's another argument that says that one of mitt romney's problems is he's not likeable enough and he may need to turn on the kind of easy ronald reagan charm which he deployed so successfully in debate. it's a fine line, isn't it, between being hard and aggressive and making a point, but also coming over as likeable. >> right. and piers, really, the way to deal with that, and i think this is true for any debate but especially on
now. interviews he has given recently. >> i have been in the public eye economy and the need to get those problems straightened out. commanded the public attention issues? to judge that. what i can say is we need to describe what has happened and what is happening and what we need to do to get this under control, and right now, everybody is dancing around it and ducking as opposed to facing it, and if you have got cancer, the first thing you want to do is face it, right? we have got economic cancer at this point. we have got to fix it. >> that was the case in 1992 when you ran your first presidential campaign, and it was still the case when you ran your second in 1996. there was progress after that. a lot of people say that because of the campaigns you ran, we had surpluses and fought our way out of this, and now, it is worse than it was 20 years ago. >> exactly. >> how did we lose our way, compared to the late 1990's, when we fought our way out of this debt, to where we have gone from $4 trillion in debt when you were running to at $16 trillion? >> i am glad you mentioned that numb
were up 4.6%. and what that really depends on the location location location. it is part of the economy, so housing could be a nice component. once again we're not europe so we're ok here. >> let's talk about what's going on with chrysler. >> sales are up 12 percent, it's amazing what happens when you build some nice looking cars. >> later we will get ford, they're not totally immune but we will see automakers' having issues going into foreign markets. >> is that our strongest manufacturer, cars? >> there's been debate as to whether not apple will be part of this dispute. >> i am more interested in goebbels' tablet that is coming out later this fall. it will be a $99 tablet. they came out with a great tablet. amazon continues to come out with my staff cuts. >> how does google make a profit on a $90 tablet? >> apple will tell them it's all about the maps. mobile devices will make the money. them up there been a lot of problems with apple iphone 5. is this a problem? >> apple has a lot of insidious. enthusiasts. >> we will check back at 9:15 a.m. and check out the winners and losers on wa
the mid-'90s, it was a disaster in the economy of russia. >> rose: you were a financial expert. >> and you know like it was the station where, like different companies in the cities they were on the verge of dying. >> rose: right. >> and we were young, ambitious, risky and we were not afraid of nothing. so we bought a very bad enterprise. >> rose: you made a big bet? >> yes, because at the time we did our best in order to find partners abroad. nobody came because it was too risky. we spent a lot of money, we spent a lot of hours, two and three hours a day, now we can show that this, for example, entity are one of the most profitable entities in the field production of nickel and platinum and palladium. but it was risky at the time because we have debt, more than one year to know the company. can't imagine this. and in the far north people they have no opportunity to receive salary for more than a half year. it was like really a disaster. it was a great disaster. and really we're very proud. >> rose: with so much at stake it all together was not necessarily safe, either. >> it wasn't safe a
to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley put out positive comments, but when you think about icht t. spending, it is oracle and cisco. the one thing confusing for me is ibm, sap, they both said business is quite strong. accenture just said these are strong. imperricly he's wrong. anecdotely he's right, imperricly he's wrong. >> not just highs but record highs in yesterday's recession. we are seeing the providers do well in today's stock market. >>
41%. thanks to easier credit and a more stable economy, the auto industry is on track to sell 14 hadn't 4 million autos this year. aig, the insurance giant rescued by a government bailout at the height of the financial crisis could be named a financial institution by regulators. if it happens, they will be regulated by the federal reserve. back to you. >> thanks for the update. barbara? >>> more and more spas are offering cosmetic procedures done in doctors offices. we have the precautions you should take. good morning. >> tell us about the things the spas are offering now. >> well, first let me define what a spa is. a spa is where you are getting facials and massages and things like that. a medi-spa is when they incorporate medical procedures in a regular spa and you have a physicians office. there are different tier, if you will, for cosmetic procedures but they may not be qualified to do them. >> if we are talking botox and fillers, are those ever done in spas or in medi-spas. >> what we define is what's medical practice. if you are practicing medicine, that has to be by a licensed
by $2,000. economists warn the tax hikes and automatic spending cuts would put the economy back into recession. >>> amex is paying large fines to settle accusations it defrauded customers. they say the credit card company charged unlawful late fees and deceived cardholders into paying off old debts or buying extra card services. amex will refund $85 million to 250,000 customers. so it will be interesting to see, maybe you will get a check in the mail if you have an amex card. >> we take all checks. >> do you have an iphone 5? >> no. blackberry girl. >> well, in a may be a good thing because they have more problems. -- that may be a good thing because they have more problems. >> reporter: yes. a glitch in its new software is us canning thephobes to con -- causing the phones to consume massive amounts of cell data even connected to wi-fi. yesterday apple posted instructions on its website on how to fix the problem but you will remember on friday apple was apologizing for its new problem-plagued mapping service so all apple fans are having difficulties. it makes me happy to have m
Search Results 0 to 49 of about 50 (some duplicates have been removed)